TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,837 shares of the company’s stock after selling 149 shares during the quarter. Atria Investments Inc’s holdings in TKO Group were worth $545,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC boosted its stake in TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. grew its position in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares during the period. Game Plan Financial Advisors LLC grew its holdings in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in TKO Group in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This represents a 31.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Kraft bought 3,500 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the acquisition, the director now directly owns 23,500 shares in the company, valued at approximately $3,306,215. The trade was a 17.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 2,184,350 shares of company stock worth $343,066,252 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by insiders.

TKO Group Price Performance

Shares of NYSE TKO opened at $139.26 on Friday. TKO Group Holdings, Inc. has a 1-year low of $79.65 and a 1-year high of $179.09. The firm has a market capitalization of $23.84 billion, a PE ratio of -331.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The business’s fifty day moving average price is $153.66 and its two-hundred day moving average price is $137.11.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.09%. TKO Group’s payout ratio is 7,600.00%.

Wall Street Analysts Forecast Growth

TKO has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Pivotal Research reissued a “buy” rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Citigroup upped their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.